Production Figures
Corn Market Price $ 4.25
Farm Acres Bushels/ Acre Total Bushels Gross $
GD1 42 169 7098 $30,166.50
GD2&3 91 195 17745 $75,416.25
GD4 10.5 195 2047.5 $8,701.88
CC1 34 200 6800 $28,900.00
CC4 40 200 8000 $34,000.00
CC1 34 200 6800 $28,900.00
CC5 0 195 0 $0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Total 217.5 48490.5 $206,084.63
Average Yield 222.944828
Soybeans Market Price $ 9.90
Farm Acres Bushels/ Acre Total Bushels Gross $
CC5 31 50 1550 $15,345.00
CC3 65 50 3250 $32,175.00
ME 108 50 5400 $53,460.00
$0.00
$0.00
$0.00
Total 204 10200 $85,635.00
Average Yield 50
Sweet corn Price $ 65.00
Farm Acres Tons/ Acre Total Tons Gross $
CC2 SW 45 8 360 $23,400.00
Total 45 360 $23,400.00
Average Yield 8
Totals
Gross Acres Gross/ Acre
$ 315,119.63 466.50 $ 675.50
Corn Input Cost
Seed
Population
Product Price/ bag Units/bag Unit cost Population/ Acre Net Cost/ Acre
Seed 230 80 2.875 32 $ 92.00
0 $ -
0 $ -
0 $ -
0 $ -
0 $ -
Total $ 92.00
Fertilizer
Product Cost/ ton N/Ton Cost/unit Unit/ Acre Net Cost/ Acre
82% 560 1640 0.3415 150 $ 51.22
28% 250 560 0.4464 150 $ 66.96
10-34-0 400 2.4 10 $ 24.00
0-0-60 469 0.2345 150 $ 35.18
11-52-0 550 0.275 100 $ 27.50
Total $ 204.86
Chemical
Product Cost/ Gallon Application Units Units/ Gallon Unit/ Acre Cost/acre
Round Up 25 Quarts 4 1 $ 6.25
Warrior 300 Ounces 128 3 $ 7.03
Total $ 325.00 $ 13.28
Total Input Cost
Acres Total Cost Total cost/ Acre
217.5 $ 310.14 $ 1.43
Soy Bean Input Cost
Seed
Population
Product Price/ bag Units/bag Unit cost Population/ Acre Net Cost/ Acre
Seed 230 80 2.875 32 $ 92.00
0 $ -
0 $ -
0 $ -
0 $ -
Total $ 92.00
Fertilizer
Product Cost/ ton N/Ton Cost/unit Unit/ Acre Net Cost/ Acre
82% 560 1640 0.3415 150 $ 51.22
28% 250 560 0.4464 150 $ 66.96
10-34-0 400 2.4 10 $ 24.00
0-0-60 469 0.2345 150 $ 35.18
11-52-0 550 0.275 100 $ 27.50
Total $ 204.86
Chemical
Product Cost/ Gallon Application Units Units/ Gallon Unit/ Acre Cost/acre
Round Up 25 Quarts 4 1 $ 6.25
Warrior 300 Ounces 128 3 $ 7.03
Total $ 325.00 $ 13.28
Total Input Cost
Acres Total Cost Total cost/ Acre
204 $ 310.14 $ 1.52
Sweet Corn Input Cost
Seed
Population
Product Price/ bag Units/bag Unit cost Population/ Acre Net Cost/ Acre
Seed 230 80 2.875 32 $ 92.00
0 $ -
0 $ -
0 $ -
0 $ -
Total $ 92.00
Fertilizer
Product Cost/ ton N/Ton Cost/unit Unit/ Acre Net Cost/ Acre
82% 560 1640 0.3415 150 $ 51.22
28% 250 560 0.4464 150 $ 66.96
10-34-0 400 2.4 10 $ 24.00
0-0-60 469 0.2345 150 $ 35.18
11-52-0 550 0.275 100 $ 27.50
Total $ 204.86
Chemical
Product Cost/ Gallon Application Units Units/ Gallon Unit/ Acre Cost/acre
Round Up 25 Quarts 4 1 $ 6.25
Warrior 300 Ounces 128 3 $ 7.03
Total $ 325.00 $ 13.28
Total Input Cost
Acres Total Cost Total cost/ Acre
45 $ 310.14 $ 6.89
Overhead Expenses
Fuel
Lp Gas
Crop Insurance
Insurance General
Depreciation
Repair Expense
Agronomy Fees
Hired labor
Property Taxes
Current Debt
Current Portion Of long term debt
Total Overhead Expenses $ -
Commodity Inventory
Corn
Previous Remaining Inventory 50000
Additions to inventory 48490.5
Total Bushels On hand 98490.5
Amount
Contract Date Contracted(bu) Contract Price Basis Value Delivery Location
Dec-10 50000 $ 5.25 $ - $ 262,500.00 Harvest States
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Totals 50000 $ 262,500.00
Total Noncontracted 48490.5
Soy Beans
Previous Remaining Inventory 50000
Additions to inventory 10200
Total Bushels On hand 60200
Amount
Contract Date Contracted(bu) Contract Price Basis Value Delivery Location
Feb-11 25000 $ 10.00 $ 250,000.00 ADM
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Totals 25000 $ 250,000.00
Total Noncontracted 35200
Market Instruments
Expiration
Type Position Date Quantity Strike Price Premium Value Column4
Put Feb-11 50000 $ 5.30 $ 0.03
Call
Column5
Forecasted
Income Statement
2011
Revenue
Contracted Corn Sales $ 262,500.00
Sweet Corn Production $ 23,400.00
Contracted Soy Bean sales $ 250,000.00
Total Revenue $ 535,900.00
Expenses
Corn Inputs $ 310.14
Soy bean Inputs $ 310.14
Sweet Corn Inputs $ 310.14
Overhead Expenses $ -
Total Expenses $ 930.42
Net Income before tax $ 534,969.58